Methods and systems for meeting rapidly fluctuating power demands using interruptible load and stable power production
AssigneeGebhardt Enterprises, LLC
InventorsEric Gebhardt, Scott Hoyte
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AssigneeGebhardt Enterprises, LLC
InventorsEric Gebhardt, Scott Hoyte
Estimating the term…
An automated control method for meeting rapidly fluctuating power demands with stable power production is disclosed. The method includes determining a market value of a unit of electricity sold on the grid, a fuel cost required to produce the unit of electricity, and a market value of a processing task requiring the unity of electricity. The method also includes calculating which of the electricity, processing, or fuel, is the most valuable; shutting off a running process when the value of the electricity is highest or the value of the fuel is highest; and starting a pending process when the net market value of the processing task is highest. The method may also include reducing electricity generation at a power plant when the value of electricity is negative, or exercising a futures contract to supply electricity.
A computer-implemented method for controlling power consumption comprising:
A system for managing power consumption, comprising:
A non-transitory computer readable medium having stored instructions that when executed cause at least one processor to perform instructions for managing power consumption, comprising:
Dependencies are inferred from the claim text.